As Part of a Company-Wide Business Strategy,Wright Inc

question 124

Multiple Choice

As part of a company-wide business strategy,Wright Inc.conducts a comprehensive examination of its critical work techniques to increase their efficiency.The results of the examination are used to create a strategy to provide high-quality goods and services to the firm's customers.Which of the following HRM practices does Wright use?

• A) outsourcing
• B) reengineering
• C) downsizing
• D) merger
• E) acquisition

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Definitions:

Future Value

The value of an investment or cash flow at a specified future date, considering the applied interest rate or rates of return.

Cash Flow Stream

A cash flow stream is a series of cash inflows and outflows over a period of time, typically used in financial analysis to determine the value or profitability of an investment.

Rate of Return

The gain or loss of an investment over a specified period, expressed as a percentage of the investment’s cost.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as an income stream for retirees.